It could happen to you (read time: one min)
Life is unpredictable and we never know what’s around the corner.
With this in mind, have you thought about what would happen to you or your loved ones if you couldn’t work due to illness or an accident which resulted in a loss of earnings?
Here’s five reasons why income protection is worth discussing with your adviser:
- If you have little or no savings, income protection could be right for you
Income protection insurance is particularly important if you do not have substantial savings or other financial resources to fall back on in the event of illness or disability.
- All illnesses are covered with income protection
With income protection, you’re covered for any medical reason, so long as you’ve been signed off work by a medical professional.
- Income protection can pay out for as long as you’re ill
Income protection pays out until you can start working again – or until you retire, die or reach the end of the policy term – whichever is sooner.
- With income protection you can claim again and again
You can claim as many times as you need to – while the policy lasts.
- An adviser can shape the policy to your exact requirements
Income protection comes with lots of options, so it’s best to talk to an adviser so they can build you a plan that’s right for your life and budget.
Remember, life can change in a second, and knowing financial support is in place can make a world of difference.
Watch this short video from the Income Protection Task Force, where several families discuss the need to be prepared.